PKR depreciates by 14 paisa at interbank trade

By MG News | March 02, 2020 at 05:10 PM GMT+05:00

0:00

March 02, 2020 (MLN): Pakistani rupee (PKR) depreciated by 14 paisa against US Dollar (USD) in today's interbank session as the currency closed the day's trade at PKR 154.37 per USD, against last session's closing of PKR 154.23 per USD.

The rupee traded within a very narrow range of 18 paisa per USD showing an intraday high bid of 154.52 and an intraday Low offer of 154.35.

Within the Open Market, PKR was traded at 154.00/154.50 per USD.

Alternatively, the currency gained 1.8 rupees against the Pound Sterling as the day's closing quote stood at PKR 196.97 per GBP, while the previous session closed at PKR 198.79 per GBP.

On the other hand, PKR's value weakened by 46 paisa against EUR which closed at PKR 170.83 at the interbank today.

On another note, within the money market, the overnight repo rate towards close of the session was 13.35/13.45 percent, whereas the 1 week rate was 13.30/13.35 percent.

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